military spending
23 stories related to this topic, newest first.
SemaforU.S. Defense Secretary Renews Calls for Asian Allies to Boost Defense Spending
The U.S. defense secretary told Asian allies they must increase defense spending if they want to buy more American arms. The comments came during a speech at the Shangri-La Dialogue in Singapore.
abcnews.go.comDefense Officials Skip Summit as Spending Calls Continue
A regional defense gathering took place without participation from one major country. Attendees discussed military budgets while one delegation remained absent.
asiaone.comHegseth Calls on Asia-Pacific Nations to Raise Defense Spending to 3.5% of GDP at Shangri-La Dialogue
Defense Secretary Pete Hegseth told the Shangri-La Dialogue that U.S. partners demonstrating higher spending would receive expedited arms sales and expanded intelligence sharing. Several regional ministers noted economic constraints that make the target difficult to meet.
thehindu.comDefense Officials Discuss Spending, China, Ukraine Lessons at Singapore Forum
Senior defense officials and military leaders met in Singapore from May 29 to 31 for the annual IISS Shangri-La Dialogue. Discussions focused on rising defense budgets, China's regional posture, and military lessons from the Ukraine conflict.
rediff.comPentagon Reports $29 Billion Spent on Iran Conflict Through Mid-May
The Pentagon has released updated figures showing U.S. military spending on the Iran conflict reached $29 billion by May 12. Officials and independent analysts differ on total costs and what expenses should be included.
The IndependentU.S. official says special relationship requires higher defense spending
A U.S. defense official told a Singapore security conference that allies must increase military spending to receive priority access to arms sales and intelligence. The remarks come as the U.K. government continues work on a defense investment plan scheduled for release this autum…
BenzingaVenture Funding for Defense Startups Reached $29 Billion in 2025
Venture capital directed at defense-focused companies totaled $29 billion last year. The figure is nearly three times the amount recorded in 2020.
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The IndependentUK Defence Spending Plan Not Yet Published
The Ministry of Defence reported two Russian warplanes intercepted an unarmed RAF spy plane over the Black Sea in the past month. NATO is conducting joint military exercises from a disused section of Charing Cross station in London.
order-order.comNATO Allies Increase Defense Spending Toward 5% GDP Target
NATO allies have begun raising defense investment to meet a 5% of GDP goal by 2035. The commitments were made at the NATO Summit in The Hague.
reviewjournal.comPope Leo Criticizes Rising European Military Spending
Pope Leo XIV told students at Sapienza University in Rome that increased military spending betrays trust in diplomacy and should not be called defence spending. Military spending across Europe rose 14 percent in 2025 to $864 billion according to the Stockholm International Peace…
rt.comPentagon Estimates War With Iran Has Cost $29 Billion
The Pentagon has estimated that the war with Iran has cost $29 billion to date. The assessment comes as inflation and gas prices are increasing in the United States. The estimate was included in a segment of the news program What You Need to Know.
jpost.comCongress Uses Budget Reconciliation to Set Defense Spending Levels
Lawmakers are considering the use of budget reconciliation to meet the White House request for a $1.5 trillion defense budget. The process allows Congress to pass certain fiscal legislation with a simple majority in the Senate. Breaking Defense reported on the mechanics and poten…
thehindu.comJapan Ends Decades-Old Ban on Lethal Weapons Exports Amid Regional Security Shifts
Japan ended its ban on lethal weapons exports last month, marking a shift from postwar pacifism amid rising Chinese aggression. Prime Minister Sanae Takaichi, elected in February 2026, is driving a review of national security strategy and international defense ties. The moves inc…
thehindu.comOil Prices Reach Four-Year High
Oil prices climbed to their highest levels in four years as tensions in the US-Iran war persisted, with Iran restricting access to the Strait of Hormuz. The Bank of England and Federal Reserve held interest rates steady amid rising inflation and energy costs. Gas prices in the Un…
japantimes.co.jpOil Prices Hit Four-Year High After U.S. Blocks Iranian Ports
Brent crude oil prices surged to a four-year high of $126 per barrel early Thursday amid reports that President Trump will review options for resuming military strikes on Iran. The increase follows stalled peace talks and a U.S. blockade of Iranian ports in the Strait of Hormuz,…
japantimes.co.jpPentagon Budget Exceeds $1 Trillion with Proposed Increases
The U.S. Pentagon budget has exceeded $1 trillion, with President Trump proposing an additional $500 billion increase. This funding supports military operations including interventions in Venezuela and a war in the Middle East. Analysts highlight rising costs and diminishing econ…
en.antaranews.comOil Prices Rise as U.S.-Iran Talks Stall; Stocks Reach Records
Oil prices rose sharply with Brent crude reaching $109.5 per barrel and U.S. crude at $97.5, driven by stalled peace talks between the U.S. and Iran. Stock markets advanced to new highs, overlooking stagflation concerns and geopolitical tensions. Additional developments include C…
Substrate placeholder — needs reviewGlobal Military Spending Hits $2.9 Trillion in 2025 Amid Regional Tensions
Global military expenditure reached $2.89 trillion in 2025, marking an 11th straight year of increases despite a U.S. decline linked to halted Ukraine aid. The rise, equivalent to 2.5% of global GDP, reflects growing insecurity and rearmament efforts. Asia-Pacific spending grew a…
washingtonpost.comGlobal Military Spending Reaches $2.9 Trillion in 2025 as US Consumer Confidence Drops to Record Low
Global military expenditure rose 2.9% to $2.89 trillion in 2025, marking the 11th straight year of increases amid heightened insecurity. In the US, consumer sentiment fell to a historic low of 47.6 in early April before a slight rebound to 49.8, driven by concerns over the war in…
Substrate placeholder — needs reviewU.S. Defense Contractors Report Record Backlogs Amid Increased Military Spending
U.S. defense companies are experiencing significant order backlogs due to record military spending and restocking needs from recent conflicts. The Defense Department has allocated $901 billion for 2026 and requested $1.5 trillion for 2027. Additional funding requests related to t…
Office of the President of the United States / Wikimedia (Public domain)Trump Administration Requests $1.5 Trillion Defense Budget for Fiscal Year 2027, a 44% Increase
The Trump administration submitted its Fiscal Year 2027 defense budget proposal on April 23, 2026, requesting a 44 percent increase to roughly $1.5 trillion. The proposal includes $1.1 trillion in base discretionary funding and $350 billion via a separate reconciliation bill. All…
Substrate placeholder — needs reviewU.S. Defense Budget Proposal Totals $1.5 Trillion Including $750 Billion for Ships, Jets, and Golden Dome
A proposed U.S. defense budget amounts to $1.5 trillion. It allocates $750 billion for ships, jets, and the Golden Dome system. Reuters reported the details of this budget proposal.
techjuice.pkUK Chancellor Signals Reluctance to Raise Taxes or Borrow for Military Spending Increase
The UK Chancellor indicated hesitation to increase taxes or government borrowing to fund accelerated military spending. This comes as the government evaluates options to speed up planned defense budget increases following the Iran war.